PwC's East Africa IFRS 17 Survey Report

Overview

We have just two years to prepare for IFRS 17 ahead of the 1 January 2023 effective date. This is a very short period considering the amount of preparation required and - for many insurers in this region - the relatively early stage of those preparations so far.

Our survey report is derived from over 50 survey responses in the East Africa region. Respondents include Board directors, senior management and key staff in the insurance industry in Kenya, Tanzania, Uganda, Rwanda, Zambia and Mauritius. It covers four key areas:

• General industry trends
• Stakeholder awareness
• IFRS 17 readiness
• IFRS 17 implementation

The report discusses the survey results and includes several editorials authored by PwC experts across the region.

We hope you will find this report informative and an interesting read.